Blend and extend calculator
Estimate the blended rate you would get by blending your current rate with today's rate for a new term, and what it does to your payment.
Mortgage rules last reviewed: September 29, 2026
- Payment now
- $2,735
- Payment at the blended rate
- $2,592
- Monthly difference
- −$143
- Payment if you moved fully to today's rate
- $2,498
- New term
- 5 years (60 months)
For illustration only. Not a rate quote, approval or pre-qualification.
How this is calculated
- Lenders calculate blends differently (some weight by interest dollars rather than months) and may charge a fee, so the real blended rate can differ.
- Compare a blend against breaking the mortgage and paying the penalty to move fully to today's rate. Use the prepayment penalty calculator for that.
- Estimate only. Payments assume the same balance and remaining amortization.
Calculator disclaimer
Calculators are provided for general informational and illustrative purposes only.
Results are estimates and may not reflect lender-specific qualification requirements, mortgage-insurance premiums, taxes, fees, available products, payment calculations or other transaction costs.
Calculator results do not constitute:
- Mortgage approval
- Pre-approval
- A rate commitment
- A lending commitment
- Financial advice
- Tax advice
- Or legal advice
Mortgage rules, rates and lender requirements can change.
For advice about your specific circumstances, speak with the appropriate licensed professional.
But how does this apply to your business income?
This calculator estimates the numbers you entered. How a lender treats your salary, dividends or business income is a separate question, and it's the one the Mortgage Readiness Review looks at first.